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Global copper smelters less active after China's scheduled output cuts

More global copper smelters were not running in March than in the very first 2 months, information from satellite surveillance of metal processing plants revealed, after Chinese smelters proposed to cut output and operations elsewhere undertook prepared upkeep.

Earth-i, which specialises in observational data, tracks smelters representing approximately 90% of worldwide production for its Sage service and offers data to money supervisors, traders and miners.

The business said that approximately 17.7% of international copper smelter capability kept an eye on was inactive in March compared to 11.5% throughout January and February combined.

Typical inactive capacity in China increased to 9% in March from 8.3% in the first 2 months, it included a statement on Thursday.

China's top copper smelters proposed in late March to cut production by 5% to 10%, sources told , after the world's. top manufacturer of refined copper fought brief supply of raw. material and losses at some operations.

As market watchers look for verification of vowed. curtailments in China ... inactivity in the country jumped. dramatically in the final days of March, ending the month at a. significantly greater 12.8%, Earth-i stated.

Outdoors China, the Isabel plant in the Philippines has revealed. flickers of inactivity, along with Codelco's Chuquicamata. smelter in Chile, it added.

We are now going into a duration of a number of scheduled. maintenance closures..

(source: Reuters)